Reddit has taken a significant step towards going public, filing an S-1 statement with the Securities and Exchange Commission (SEC) as it eyes an initial public offering (IPO) on the New York Stock Exchange under the symbol RDDT. Financial Snapshot: Revenue Soars, but Profits Elusive According to the filed document, Reddit reported a robust $804 million in revenue for the…

NVIDIA has defied expectations with staggering growth across the board, riding the wave of the artificial intelligence boom. The tech giant's profits soared by an astonishing 265%, while net income experienced an astronomical surge of 769%. As a result, NVIDIA's shares witnessed an impressive 10% surge in the aftermath of the report. NVIDIA, a prominent player in the tech industry,…

SoftBank Group's visionary founder, Masayoshi Son, is embarking on a colossal mission to secure a staggering $100 billion in funding for a groundbreaking venture, codenamed Izanagi. This ambitious project seeks to revolutionize the artificial intelligence (AI) landscape by establishing a formidable presence in the production of cutting-edge AI chips, placing itself in direct competition with industry giant Nvidia. The move…

Shortly after the launch of Gemini, Google's ambitious language model, the tech giant is already introducing its successor - Gemini 1.5. Unlike its predecessor, Gemini 1.5 is initially targeting developers and enterprise users, with a consumer rollout planned later. Google positions Gemini as a versatile tool, serving as a business companion, personal assistant, and everything in between. Gemini 1.5 Pro:…

Tesla's Lucrative Business Model In an unexpected turn of events, Tesla, known for its exclusive focus on pure Battery Electric Vehicles (BEVs), has amassed a staggering $9 billion since 2009 by assisting competitors in selling internal combustion engine cars. This unconventional revenue stream, primarily driven by regulatory credits, has become a significant source of income for Elon Musk's tech-forward company.…

On the day of the highly-anticipated launch of Apple's Vision Pro headset, Tim Cook, the CEO of Apple, took the stage in New York to share his insights with ABC reporters. Cook enthusiastically spoke about the future possibilities of this cutting-edge device. A Spatial Revolution: The First Spatial Computer "I think it [Apple Vision Pro] will be used in many…

The U.S. Patent and Trademark Office (USPTO) has declared that artificial intelligence (AI) systems cannot be named as inventors in patent applications. The recent guidance, following public hearings, emphasizes that individuals can utilize AI tools in the inventive process but must disclose this information during patent registration. AI's Role in Inventions: Limited Recognition The USPTO underscores that while AI and…

In a surprising turn of events, the quarterly reports from tech giants Google and Microsoft have sent shockwaves through the artificial intelligence (AI) landscape, resulting in a staggering $190 billion loss in market capitalization for AI-related companies. Google's Ad Revenue Stumble Rattles AI Market Alphabet, Google's parent company, experienced a 5.6% drop in shares after its December ad revenue failed…

Paris, January 30, 2024 - In a groundbreaking move, French automotive giant Peugeot, under the Stellantis umbrella, has unveiled plans to transform the driving experience through the integration of ChatGPT into its cars and vans. This announcement places Peugeot in league with industry competitors Volkswagen and Mercedes-Benz, all leveraging the capabilities of the increasingly popular AI chatbot. Jérôme Micheron, Peugeot's…

Samsung has lost its coveted position as the world's largest semiconductor chip company. The latest data from Counterpoint Research reveals a substantial decline in Samsung Electronics' chip division revenue, plummeting from $70.2 billion in 2022 to $43.4 billion in 2023, marking a staggering 38% drop. The decline is attributed to the downturn in the memory chip market and Samsung's struggle…

Elon Musk's Neuralink has successfully implanted a brain chip into a human for the first time. The billionaire entrepreneur and founder of Neuralink announced this monumental achievement in a post on his social media platform X, revealing that the procedure took place on Sunday and that the patient is already showing signs of improvement. Milestone for Neuralink's Ambitions This development…

Samsung has just unveiled its latest flagship smartphone, the Galaxy S24 Ultra, promising a leap in innovation and performance. While visually reminiscent of its predecessor, the S23 Ultra, the S24 Ultra boasts a frame crafted from titanium alloy, a material known for its durability and scratch resistance. Surprisingly, the use of titanium has not added any weight; in fact, the…

In the wake of Apple's much-anticipated Vision Pro headset launch, the tech giant has revealed an extensive accessory lineup, with the full kit costing a staggering $1041. The base price of the Apple Vision Pro headset starts at $3499 for the 256GB model, reaching $3899 for the 1TB version, with an additional $499 for Apple Care Plus. The accessory lineup…

Microsoft's market value has soared past $3 trillion for the first time in its nearly five-decade-long history, solidifying its position as a tech giant and trailblazer in the realm of artificial intelligence. The surge in investor interest comes on the heels of Microsoft's strategic integration of AI technologies into its products, with updates and innovations being announced almost weekly. Following…

Samsung left the audience in anticipation with a glimpse of their upcoming fitness innovation - the Galaxy Ring smart ring. Details about the Galaxy Ring remain scant, with only a render and a name revealed so far. Samsung tantalizes consumers with the promise of a "powerful and affordable" health device, keeping specs, pricing, and release dates under wraps for now.…